The supply and demand model assumes
A) no buyer or seller can unilaterally influence the price of the product.
B) each unit sold is sold at the same price.
C) suppliers and demanders know the price of the product.
D) All of the above.
D
Economics
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To be able to price discriminate, a firm must
A) lower prices for all customers. B) raise prices for all customers. C) be able to identify and separate different types of buyers. D) sell a product that can be resold. E) Both answers B and C are correct.
Economics
Suppose there is an increase in the short-run aggregate supply with no change in the long-run aggregate supply. This situation could be the result of
A) an increase in the price of oil. B) a decrease in the money wage rate. C) a technological advancement. D) an increase in the quantity of capital.
Economics